China offers loans, technology for Vietnam railways
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China has offered to boost ties with Vietnam on railway infrastructure through loans, technology, and training. The two countries signed several cooperation documents, including a railway feasibility study and a finance lease pact for aircraft.
China and Vietnam have agreed to strengthen their cooperation on railway infrastructure. The agreement was made during a meeting between Chinese President Xi Jinping and Vietnamese President To Lam. China will provide guidance to its enterprises to participate in Vietnam's railway construction projects and will also offer training and industrial capabilities. The two countries signed 32 cooperation documents, including a deal for a railway feasibility study. Vietnam is a partner in China's Belt and Road Initiative, and the railway effort is seen as a 'new bright spot' in their strategic ties. The countries will also strengthen ties in fields such as aviation, security, and technology.
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